What is DA Davidson's Forecast for AutoZone FY2025 Earnings?

AutoZone, Inc. (NYSE:AZO - Free Report) - Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for AutoZone in a note issued to investors on Wednesday, December 11th. DA Davidson analyst M. Baker now expects that the company will earn $153.33 per share for the year, down from their prior estimate of $154.86. DA Davidson currently has a "Neutral" rating and a $3,025.00 price target on the stock. The consensus estimate for AutoZone's current full-year earnings is $155.79 per share. DA Davidson also issued estimates for AutoZone's FY2026 earnings at $176.23 EPS.

Several other equities analysts also recently commented on the company. Roth Capital upgraded AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. UBS Group lifted their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research note on Wednesday. StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Saturday, September 21st. Finally, Mizuho boosted their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone has an average rating of "Moderate Buy" and a consensus price target of $3,339.25.

AutoZone Stock Performance

NYSE AZO traded down $2.24 during trading on Thursday, reaching $3,340.48. 122,329 shares of the company traded hands, compared to its average volume of 139,467. AutoZone has a 1-year low of $2,510.00 and a 1-year high of $3,416.71. The company has a market cap of $56.47 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.70 and a beta of 0.71. The stock's 50 day moving average price is $3,142.71 and its two-hundred day moving average price is $3,059.09.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $32.55 earnings per share. AutoZone's revenue was up 2.1% on a year-over-year basis.

Insider Buying and Selling

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the completion of the sale, the vice president now owns 1,218 shares in the company, valued at approximately $3,785,166.42. The trade was a 56.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 13,000 shares of the company's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now owns 13,857 shares of the company's stock, valued at $43,055,777.55. The trade was a 48.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,880 shares of company stock worth $46,225,660 in the last quarter. Insiders own 2.10% of the company's stock.

Institutional Trading of AutoZone

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock valued at $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Verde Capital Management bought a new stake in shares of AutoZone in the 3rd quarter valued at $1,137,000. Mizuho Securities USA LLC increased its position in shares of AutoZone by 592.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company's stock valued at $29,012,000 after buying an additional 7,879 shares in the last quarter. Swedbank AB increased its position in shares of AutoZone by 5.6% in the 2nd quarter. Swedbank AB now owns 16,524 shares of the company's stock valued at $48,979,000 after buying an additional 869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company's stock valued at $329,699,000 after buying an additional 466 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.